RIL May Roll Out Its 4G Network By August

Market research firm, Morgan Stanley has predicted that Reliance Industries Limited (RIL) may roll out its 4G services in the next three months. The research firm also estimates that RIL may eye a revenue of $1 billion from its 4G network in the current fiscal year.The floated research note also included that if there is a delay in launch of 4G network by RIL, the existing 4G operators may get an upper hand as they continue to evolve their services.”We are estimating launch in the early second half of the ongoing year, however if the launch is delayed to late 2016, incumbents could have a better operating environment in the short term,” said the note.At present RJio is reportedly in the testing stage of its 4G network and has invested a total of $19 billion in its newly formed telecom division.Morgan Stanley also expects RJio to garner as much as 30 million subscribers by Fiscal Year 2017 which can go up to 60 million by FY 2018, generating a revenue of $1billion in FY 2017.The company plans to spend INR 30,000 crore in FY 2017 for expansion of its 4G services, including deploying more towers, fibre cables, small cells etc. Reliance at the moment owns 2.7 lakh km of fibre cable, 90,000 towers and 50,000 small cells, said Morgan Stanley